Paraguay: Recent Economic Developments

March 5, 1999

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Paraguay: Recent Economic Developments, (USA: International Monetary Fund, 1999) accessed December 22, 2024

Summary

This paper describes economic developments in Paraguay during the 1990s. After recording a growth rate of 1.3 percent in 1996, real GDP expanded by 2.6 percent in 1997, or about the same rate as population growth. This reflected mainly a recovery in agricultural output owing to abundant rains. GDP growth suffered a new setback in 1998, with preliminary estimates showing a growth rate of only 0.6 percent, owing mainly to the continued stagnation in the manufacturing sector and a reduction of trade-related activities owing to tighter border controls in Brazil.

Subject: Agricultural commodities, Bank deposits, Banking, Commodities, Economic sectors, Expenditure, Public enterprises, Public sector, Revenue administration

Keywords: Africa, Agricultural commodities, Asia and Pacific, Banking system, Central bank, CR, Current account, Europe, Exchange rate, Foreign currency, ISCR, Public enterprises, Public sector, Trade balance, U.S. dollar, Western Hemisphere

Publication Details

Pages:

54
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1999/010
Stock No:

1PRYEA0011999
ISBN:

9781451832358
ISSN:

1934-7685

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